Hong Kong Science and Technology Parks Corporation (HKSTP) has announced the ninth edition of its Elevator Pitch International Competition (EPIC 2025), offering a significantly increased targeted investment pool of US$100 million for winning startups.
This figure marks a doubling of the investment amount from the previous year.
Applications are now open globally until 17 June, offering a chance for startups to present a crucial 60-second pitch at the Grand Finale in Hong Kong this November.
EPIC 2025 introduces two new technology tracks: Digital healthtech and greentech, alongside the existing fintech track. This expansion aims to empower innovators developing solutions to address pressing global challenges.
In addition to the potential investment, winning teams will also compete for a US$240,000 cash prize.
Also Read: HKSTP’s Derek Chim on the four skills required for startups to thrive in Hong Kong
The Grand Finale of EPIC 2025 will take place from 3 to 7 November at Kai Tak Cruise Terminal in Hong Kong, forming the culmination of EPIC Week. Mid- to late-stage startups under 10 years old focusing on digital health tech, fintech, or greentech are eligible to apply.
A key requirement for participation is that these businesses must be registered and have plans to expand their Research and Development (R&D) or operations to Hong Kong and/or the Greater Bay Area (GBA).
Albert Wong, CEO of HKSTP, said: “Hong Kong is at the forefront of global innovation, where we engage entrepreneurs in addressing the imperative, and EPIC being the origin of many world-first technologies, HKSTP will continue offering haven for startup resources to intersect, and invites like-minded partners to join us on the transformative journey.”
Building on the momentum of EPIC 2024, which saw 603 entries from 47 economies, this year’s competition aims for even greater reach. In July, startups will participate in online regional pitches across North America, Europe, and the Asia-Pacific (APAC) region. Finalists will proceed to Hong Kong for EPIC Week and the Grand Finale in November.
EPIC Week will feature a series of events leading up to the Grand Finale, including business and investment matching sessions, networking opportunities, and industry tours, providing startups with deeper insights into Hong Kong’s innovation and technology (I&T) ecosystem.
A tech spotlight will offer selected startups an exclusive platform to present their solutions directly to investors and corporate leaders, facilitating immediate feedback and potential collaborations.
Furthermore, GBA exploration sessions and guided visits will focus on unlocking business opportunities within the rapidly growing Greater Bay Area.
Also Read: German Li-ion battery recycling startup tozero wins EPiC 2024 in Hong Kong
Established in 2001, HKSTP develops a thriving I&T ecosystem in Hong Kong. To date, it has nurtured 14 unicorns and supports over 2,200 technology companies. HKSTP offers comprehensive support to attract and nurture talent and accelerate and commercialise innovation, with key locations including Hong Kong Science Park, InnoCentre, and three InnoParks.
Interested startups can find more information and apply for EPIC 2025 on the official website.
The application deadline is 17 June 2025, at 23:59 (GMT +8).
In 2024, tozero, a lithium-ion recycling startup based in Germany, won the Elevator Pitch Competition (EPIC). The Munich-headquartered startup received 1.1 million Asia Miles (a loyalty and frequent-flyer programme run by airline operator Cathay Pacific) and a cash prize of US$90,000, in addition to investor exposure and partnership opportunities.
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